The Market in the Salt Lake Area Today

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In Salt Lake County, the average four-bedroom home was on the market for 38 days in September 2014. This year, it was on the market for only 22 days in September, a significant decline in a just a year!

Last year, the average price a house sold for was $232,000. This year, September’s average price increased to $250,000.

Interest rates are currently below 4 percent. While rates are expected to increase next year, this motivates buyers to start the buying process now. Our busiest times happen to be before rates go up.

Today, over 50 percent of buyers in the market are first-time home buyers. We deal with millennials now, which are different buyers than the last generation.

If you know someone who's been thinking about selling or are curious about millennials, give me a call! I’ve done the research. I look forward to hearing from you soon.